March 2015 E-News Welcome
Monday, March 2, 2015
March 2015 E-News Welcome
by Kristie Arslan, WIPP Executive Director
We join together in March to honor the important contributions of women for National Women’s History Month. From achievements in science, literature, medicine, and business to contributions to the arts, sports, government and our communities – this month we recognize the impact women have made in today’s world. WIPP works to recognize women business leaders all year round and now more than ever women are a driving force in our economy.
Through participation in our workforce, their role as consumers, and via business creation, women are critical to our economy. According to the Center for American Progress, women earn almost 60 percent of undergraduate degrees, 60 percent of all master’s degrees, and represent 59 percent of the college-educated, entry-level workforce. Women are also starting businesses at a rate 1½ times the national average. It is estimated that there are nearly 9.1 million women-owned businesses in the United States, generating over $1.4 trillion in revenues and employing nearly 7.9 million people. (American Express OPEN’s 2014 State of Women-Owned Businesses Report) Furthermore, women drive 80% of all consumer purchasing in the U.S., through a combination of their buying power and influence on buying decisions.
Yet, despite the economic power we wield and advancements that have been made in the workforce, women continue to face a leadership gap in the business arena. Women are only 14.6 percent of executive officers, 8.1 percent of top earners, and 4.6 percent of Fortune 500 CEOs. They hold just 16.9 percent of Fortune 500 board seats. [Statistics courtesy of the Center for American Progress https://www.americanprogress.org/issues/women/report/2014/03/07/85457/fact-sheet-the-womens-leadership-gap/]
At WIPP, one of our goals is to provide you with the tools, resources and opportunities you need to expand your leadership skills. We believe that as a business owner you are in a unique position to be a leader in your industry, in your community and in the political arena. We want to help you get there!
As we honor all those that have paved the road before us, take the first step to becoming a leader in the women entrepreneurship community by signing up for WIPP membership. If you are a WIPP member, participate on our Issue Committees on topics important to your business or inquire about becoming part of WIPP’s Executive Advisory Board to help us create programming.
Need a little inspiration…take a look at these women leaders:
· Forbes Top 100 Most Powerful Women: http://www.forbes.com/power-women/
· Most Powerful Women Entrepreneurs in 2014: http://www.forbes.com/sites/emilyinverso/2014/05/28/the-worlds-most-powerful-female-entrepreneurs-of-2014/
· The 25 Most Powerful Women in the Last Century (TIME): http://content.time.com/time/specials/packages/0,28757,2029774,00.html